MingZhu Logistics Holdings Ltd

MingZhu Logistics Holdings Ltd (YGMZ) priced its initial public offering on Oct 21, 2020 at $4.00 per share, raising $12M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $49.8M. ViewTrade was lead-left underwriter. Ellenoff Grossman & Schole, Ogier and Jingtian & Gongcheng advised the company and Dickinson Wright and DeHeng Law Firm advised the underwriters.

MingZhu Logistics Holdings Ltd is a trucking service provider in China with more than 17 years of experience. It operates from terminals in the Guangdong and Xinjiang regions, primarily providing dedicated trucking services, and holds a 3A-grade trucking accreditation from the China Federation of Logistics and Purchasing.

Status

IPO

Ticker

YGMZ

Exchange

Nasdaq Capital Market

Priced

Oct 21, 2020

IPO price

$4.00

Raised

$12M

Market cap at IPO price

$49.8M

First filed

Sep 27, 2019

Underwriters

ViewTrade

Company counsel

Ellenoff Grossman & Schole, Ogier and Jingtian & Gongcheng

Underwriters' counsel

Dickinson Wright and DeHeng Law Firm

Sector

Transportation

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.